Wednesday May 7, 12:16 PM
Vedanta Resources "buy," target price raised
By Deutsche Bank
LONDON, May 7 (newratings.com) - Analyst Tama Willis of Deutsche Bank (Frankfurt: DB9999 - news) maintains his "buy" rating on Vedanta Resources
Plc (LSE: VED.L - news) (ticker: VED-GBX). The target price has been raised from 2,640p to 2,690p.
In a research note published this morning, the analyst mentions that the company is likely to post strong FY08 earnings, backed by robust volume growth. Given the robust iron ore, copper and aluminum market, Vedanta Resources' FY09 prospects appear to be bright, the analyst says.
© 2008 New Ratings
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